Wealth Alliance Has $382,000 Holdings in Deere & Company (NYSE:DE)

Wealth Alliance lifted its position in shares of Deere & Company (NYSE:DE) by 4.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 955 shares of the industrial products company’s stock after purchasing an additional 42 shares during the period. Wealth Alliance’s holdings in Deere & Company were worth $382,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Briaud Financial Planning Inc purchased a new stake in Deere & Company in the 3rd quarter valued at $25,000. Retirement Group LLC boosted its holdings in Deere & Company by 264.7% during the second quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 45 shares during the last quarter. ZRC Wealth Management LLC purchased a new position in Deere & Company during the fourth quarter worth about $28,000. Worth Asset Management LLC bought a new stake in Deere & Company in the 1st quarter worth about $28,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Deere & Company during the 3rd quarter worth approximately $37,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Up 1.0 %

Shares of Deere & Company stock opened at $400.87 on Friday. The company’s 50-day moving average price is $385.47 and its 200-day moving average price is $382.79. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. The company has a market cap of $111.59 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.48 and a beta of 1.04. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm had revenue of $10.49 billion during the quarter, compared to analyst estimates of $10.30 billion. During the same period in the previous year, the business earned $6.55 EPS. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. On average, equities analysts expect that Deere & Company will post 27.39 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be paid a $1.47 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. Deere & Company’s dividend payout ratio is currently 17.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their target price on Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a report on Friday, February 16th. Melius Research reaffirmed a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Deutsche Bank Aktiengesellschaft lowered their target price on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Citigroup decreased their price objective on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a report on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $433.28.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.